Titan
*Titan*Some few points before we going towards the Technical analysis
Covid cases declines Day by day
In june we can see Unlocking series of cities and states if Cases remains low
Vaccination is also started again ,very soon we will have enough Vaccine (Till Dec 2021 - 216cr 2X of our poppulation roughly) So do not panic for that,
Now comes towards Technical points
Titan breach very strong trendline came from Bottom of Covid
We can add small qty here and add more again at All time high breakout of level 1625
Note - Before taking any entry exit please concern with your financial advisor
Keep Titan on Radar for Breakout TradeTitan is one such stock that has been trading in a range of about 15% for the past 5 months.
The Recent rally from range support ( the move I already captured - please refer to linked post ) looks quite good and the stock currently is trading at the range upper end, any breakout might bring a fresh buying in the stock and it can move
towards 1700 and 1750 levels.
Titan - Trendline Breakout TradeTrendline trading is the easiest form of trading, all you need to do is to learn the art of drawing trendlines.
In this post, I will tell you, how I identify trendline breakout trades
The first step is to identify the structure of the stock, which is necessary for identifying the current trend in the underlying stock.
Once you have identified the trend, start drawing the trendline in the direction of the trend for ex. in a downtrend structure, draw a trendline connecting high points and in an uptrend, draw a trendline connecting low points.
For Conforming trendline validity, make sure that it has a minimum of 3 points of supports or resistance as the case may be.
Then sit tight and wait for the trendline breakout with good volume and good momentum, and voila you have identified a breakout/Breakdown trade.
One more thing I do is to keep, higher time frame trend in consideration to find high probability trades.
Now, this an example of titan, where the structure of the stock on hourly is of lower lows and lower highs, so I drew trendline connecting highs and you can see the trendline had 4 resistance points, making it valid for breakout trades, plus as I said i keep higher time frame direction in consideration, which was bullish on the daily chart, hence this breakout trade is a high probability trade because it is in the direction of the daily chart.
I could also see so many parameters that are loading in favour of the trade, but it will only add confusion if I explain it here, hence keeping it simple, for now, will discuss that in other trades examples...
Titanswap is a nice Huobi gem!TITAN looking fairly strong here with tons of tests at that resistance. Definitely one that could have explosive price action similar to other Huobi gems like CRU.
TITAN - Breakout at support - Short Term swing/Intraday TradeThis analysis is purely based on price action and Chart Patterns.
The analysis is on 30min TF hence target can be achieved in intraday trade or in couple of days.
Trade logic with SL and Target is explained in image itself.
Don't chase the price. Always plan your trade & trade your plan
Keep trailing SL accordingly once entered into the trade.
This analysis is purely for education purpose. Kindly do your own study before entering into any trade .
Also check out my other ideas to understand how price action works and how it can be used to make regular profits without any complex strategies.
Feel Free to comment for any queries regarding the above stock or price action analysis in general.
long OPPORTUNITY IN TITAN BEARS SEEMS TO BE TRAPPED
WHY NOT BENEFIT FROM THEIR STOP LOSSES GETTING LIQUIFIED?
AFTERALL TRADING IS A ZERO SUM GAME, PROFIT OF ONE = LOSS OF ANOTHER.
SOME FACTS -
*PRICE MAKING HIGHER HIGHS ON WEEKLY AS WELL AS ON DAILY TIMEFRAME.
*PRICE TAKING SUPPORT ON THE PREVIOUS RESISTANCE MULTIPLE TIMES ON DAILY CHART AFTER EVERY RECENT UPWARD BREAKOUTS.
Titant to cool off after a great rally Great up move was witnessed from 1260-70 zone and reached the upper trend line 1370-80area, soon we can see profit booking and am expecting price to fall.
Target 1300 TP1
Target 1240 TP2
Remember it can still jump from 1300 so try booking partial profit and wait for TP2 with tight stop loss.
For upper side if price hold near 1300 we can soon see 1400 and above.
Good luck every one
Titan Biotech above Rs. 300++ My target for this beautiful and undervalued stock Rs. 300++ in next few months. Once Nifty corrects, this is the stock (monthly chart is good). And strength vs Nifty 50 is good too. If this sustains we can easily see the Elliott wave 3 ending at about Rs. 322.
What are we talking about?
Target Rs. 300++
That is 140% profit - are you with me?
Elliott wave 3 (Monthly Chart) - can touch Rs. 300++ in next 3 months (may be earlier)
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